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To: Alomex who wrote (128864)7/23/2001 5:49:05 PM
From: Alomex  Read Replies (1) | Respond to of 164684
 
Well according to a fresh press release, AOL did purchase shares:


However, in the separate equity investment transaction, AOL said it bought $100 million of the Seattle-based retailer's stock at about $15.282 a share. The news comes as Amazon.com posted a small quarterly pro forma loss that beat Wall Street expectations but said revenue growth slowed.


dailynews.yahoo.com



To: Alomex who wrote (128864)7/23/2001 11:40:07 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
We have to wait until the details are out. For all we know AOL's "equity stake" is $100 million of senior debt.



The $100 million was added to their cash account. That would not happen with the bonds. This was basically a private secondary offering of stock.


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